Gemini co-founder Tyler Winklevoss has suggested that the cryptocurrency exchange may soon list Cardano (ADA). His statement came in response to Cardano founder Charles Hoskinson’s inquiry on X, fueling speculation about ADA’s potential addition to the platform.
The discussion around Gemini’s possible ADA listing follows a major announcement from former U.S. President Donald Trump.
He recently confirmed that ADA, XRP, and SOL will be included in a proposed Strategic Reserve for digital assets. The plan has sparked debate within the crypto industry regarding its implications and asset selection.
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Debate Over ADA’s Role in Strategic Reserve
While Winklevoss acknowledged ADA’s suitability for listing on Gemini, he distanced himself from supporting its inclusion in Trump’s Strategic Reserve.
He clarified that he does not consider ADA an ideal candidate for such a reserve, emphasizing that Gemini’s potential listing decision is independent of Trump’s announcement. The cryptocurrency community has shown diverse reactions toward the approach Trump introduced.
Bitcoin proponents in the industry expressed doubts about why Bitcoin would not be included in the Strategic Reserve because they believed BTC should lead the list of government-backed cryptocurrency assets.
Some crypto community members doubted the addition of XRP ADA and SOL to the Strategic Reserve because of their regulatory risks and market instability. A surge occurred when the announcement went public, triggering an increase in price for ADA, XRP, and SOL, but market sentiment turned negative afterward.
As discussions continue, Gemini’s possible listing of ADA adds another layer to the evolving crypto landscape. While no official listing date has been announced, Winklevoss’s remarks indicate that the exchange is considering expanding its offerings.
Investors and market participants are now closely watching for further updates on the Strategic Reserve plan and Gemini’s decision regarding ADA.
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